[Newsmaker] Tesla surprises with quarterly profit
World BusinessOct 27, 2016
Electric car maker Tesla Motors posted its first quarterly profit in three years on Wednesday, giving investors reason to cheer after months of doubt.Tesla's shares have fallen since the summer as some investors questioned the company’s proposed merger with solar panel maker SolarCity Corp. Goldman Sachs recently downgraded Tesla's shares from "buy" to "neutral" and lowered its price target, saying the potential merger could delay the release of Tesla’s much-anticipated Model 3.But Tesla CEO Elo